Is there a recession in the world? Questions are being raised about how giant companies including Facebook, Twitter, and Amazon have done layoffs and banned recruitment. The tech industry witnessed rapid growth in the past decade and now such layoffs in the sector have raised concerns. Tech and edutech companies in India have laid off people on a large scale. The way people have been thrown out in many companies, including Bjyu's, has raised questions. Amazon has announced that it will not recruit for some posts. At the same time, Apple says that it is also going to ban recruitment in some departments.
A few months before these, giant tech companies Google and Facebook also banned hiring. Apart from this, some startups have done large-scale layoffs. Twitter has fired about half its employees in a single day. This is the case for companies that have earned or got funding in a big way. But the fall in profits and the sound of a slowdown have forced these companies to cut spending. According to a survey by KPMG, many more companies may be on the path of layoffs in the next few months.
In India too, companies like Bjyu's have done big layoffs
The way users were associated with online companies during the Corona period, that figure is now decreasing. Instead of using more and more online content, the world is now again returning to the earlier mode. Whether the world's famous company Amazon or India's edutech company Bjyu's, all have suffered losses. Amazon's profit has been 22 percent lower this time than in the third quarter of last year. The company says that the demand has come down. In such a situation, Amazon has now banned new recruitment. Facebook-owned company Meta may lay off thousands of employees, according to the Wall Street Journal.
There is also a stir between Microsoft and Intel
Microsoft has also laid off about 1,000 employees in the past. The company has laid off many people at all levels and countries. "Like all companies, we continue to assess our business priorities," Microsoft said in a statement. There is also news about another well-known company Intel that thousands of employees can be laid off. This layoff will have the biggest impact on the company's sales and marketing teams. It is being said that the company can lay off 20 percent of the staff.
Lucknow Super Giants face Mumbai Indians on Tuesday in the 48th match of IPL 2024. Before the sel
Social activist Snehmayi Krishna has demanded an FIR against Chief Minister Siddaramaiah, Deputy
Amaal Malik plays another 'game' with Tanya Mittal, a new twist on the sweater in 'Bigg Boss 19'
Every day, the reality show Bigg Boss 19 sees a new drama unfold. Sometimes it's a fight over hou
The discussion about the new season of TV's controversial reality show Bigg Boss has intensified.
Redmi has started preparations to launch the Redmi 13 series for its customers. Let us tell you t
For some time now, there have been discussions about the biopic of former Indian cricket team cap
Glenn Maxwell Record AUS vs NED: Australian batsmen and bowlers created a stir against Netherland
A petition was filed in the Lucknow Bench of Allahabad High Court to not declare the result of a
Indian cricketer Yuzvendra Chahal celebrated his 35th birthday on Wednesday. On this occasion, he
Chhath Puja 2025: Vehicles will be prohibited from entering the city for Chhath Puja, and the road will be one-way; see the route chart here.
To ensure smooth traffic flow in the city on the occasion of Chhath Puja, the traffic police have
